AI-Powered Quant Cryptocurrency Trading with OSOM
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Cryptocurrency trading has become particularly popular throughout the past couple of years. One of the reasons for this is the volatility of the markets. Bitcoin and almost all altcoins, are regularly going through vicious price movements, creating plenty of opportunities for traders to capitalize on.
Volatile markets, however, are also very risky. This is especially true when using leverage – something that’s also become incredibly popular throughout the past few years.
In fact, a relatively recent report from September revealed that trading volume on cryptocurrency derivatives platforms was surging to new all-time highs regularly. However, crypto derivatives, as well as trading, in general, are particularly challenging and should only be done by people with sufficient experience. Otherwise, novice traders run the risk of massive capital loss. And, yet, it can be rather profitable.
This is where a compromising solution comes into place. Osom’s AI-powered quantum trading algorithm finds growth opportunities automatically within more than 30 altcoin markets and trades users’ bitcoins, increasing their holdings.
What is Osom?
Osom is a platform that is aimed at minimizing drawdowns and achieves a better performance than market indexes.
In essence, the company brings forward a licensed cryptocurrency wallet and an exchange provider, legitimately authorized in the European country of Estonia. The company is based in the European Union and has offices in both Tallinn and Brussels.
In terms of security, the private keys of the users are held with specialized cloud providers. Now, it’s worth noting that as safe as that may sound, it’s always recommended to store the majority of your bitcoins on a hardware wallet and to maintain ownership of your private keys. You only keep the amount you want to trade with on exchanges.
How Does Osom Work?
Right off the bat, it’s important to note that the platform requires identity verification. Once this is done, users can start using the software for free and withdraw their money at any point in time. There is no management fee but a flat 10% commission from the profits that the software generates for traders.
Now, every single day, a committee that’s comprised of people from Osom and Ivestsuite would assess the most promising cryptocurrency assets to determine the investment universe.
Based on this list, Osom’s algorithm will allocate the positions. According to the website, no position is allowed to represent upwards of 30% of the trader’s entire portfolio. This is something that would supposedly improve the risk-adjusted returns and reduce the volatility. The main goal of the algorithm is to provide profits that outperform bitcoin through quantitative strategies aimed at optimized portfolio management.
The assets that are traded are defined and picked by quality, their market cap, as well as their trading volume. It doesn’t include questionable projects, synthetics, stablecoins, or tokenized representations of real estate or gold.
In terms of current performance, the algorithm has supposedly outperformed bitcoin’s price since September 2019.
The Benefits of Using Osom
With all of the above, there are a few important benefits for users to opt-in using Osom. These include, but are not limited to:
- Portfolio diversification
- Hands-off trading
- EU-regulated company
- No hidden fees
- Full flexibility
The algorithm will take care of the user’s portfolio, diversifying it in a way that reduces risks to an optimal amount. The platform is completely free to use as there’s no management or other hidden fees.
Additionally, Osom offers a hands-off trading experience. This is particularly suitable for people who don’t want to invest their time in trading but want to grow their overall bitcoin holdings.
Of course, it’s also important to note that cryptocurrency trading carries a significant amount of risk. You should never invest money that you can’t afford to lose.
